Primary Health Properties (LON:PHP) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their buy rating on shares of Primary Health Properties (LON:PHP) in a research report report published on Wednesday, Marketbeat reports.

Separately, Berenberg Bank boosted their price target on shares of Primary Health Properties from GBX 103 ($1.34) to GBX 110 ($1.44) and gave the stock a “buy” rating in a research note on Wednesday, September 18th.

Primary Health Properties Trading Down 0.6 %

LON PHP opened at GBX 99.05 ($1.29) on Wednesday. The company has a debt-to-equity ratio of 96.98, a quick ratio of 0.62 and a current ratio of 0.48. The firm has a market cap of £1.33 billion, a price-to-earnings ratio of -9,905.00, a PEG ratio of 5.64 and a beta of 0.41. The firm has a 50 day simple moving average of GBX 99.19 and a 200-day simple moving average of GBX 95.20. Primary Health Properties has a one year low of GBX 84.20 ($1.10) and a one year high of GBX 109 ($1.42).

Primary Health Properties Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 10th will be issued a GBX 1.73 ($0.02) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.71%. Primary Health Properties’s dividend payout ratio (DPR) is -70,000.00%.

About Primary Health Properties

Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.